Universal Logistics Hldgs Inc Stock Price, News & Analysis

Universal Logistics Holdings, Inc. (NASDAQ: ULH) reported third quarter 2021 net income of $10.3 million, or $0.38 per share, on revenues of $445.6 million. This marks a revenue increase from $365.0 million in Q3 2020. However, net income declined from $13.6 million year-over-year. Operating income dropped to $16.7 million, impacted by $12.9 million in litigation and program launch losses. Despite challenges from supply chain disruptions, the company remains optimistic about future demand and operational improvements. A cash dividend of $0.105 per share was also declared.

Universal Logistics Holdings, Inc. (NASDAQ: ULH) plans to release its third quarter 2021 financial results after market close on October 28, 2021. A quarterly earnings conference call is scheduled for October 29, 2021 at 10:00 a.m. ET. Universal Logistics is known for its asset-light transportation and logistics solutions, serving clients across the United States, Mexico, Canada, and Colombia. The company provides a diverse range of supply chain services, including truckload, brokerage, and intermodal solutions.

Universal Logistics Holdings (NASDAQ: ULH) announced participation in Cowen's 14th Annual Global Transportation & Sustainable Mobility Conference. CEO Tim Phillips and CFO Jude Beres will engage in a fireside chat on September 10, 2021, starting at 8:00 AM ET. The event will be live-streamed via Universal's website, with a replay available afterward. Universal is a leading asset-light provider of customized transportation and logistics solutions across the U.S., Mexico, Canada, and Colombia.

Universal Logistics Holdings (NASDAQ: ULH) reported a robust second quarter for 2021, achieving net income of $25.6 million or $0.95 per share, up from $6.2 million or $0.23 per share in Q2 2020. Total operating revenues hit a record $422.8 million, a significant increase from $258.0 million last year. Operating income rose to $31.3 million with a margin of 7.4%. The company declared a cash dividend of $0.105 per share and authorized a new stock repurchase program for up to 621,622 shares. Despite challenges like the chip shortage, management remains optimistic.

Universal Logistics Holdings (NASDAQ: ULH) announced it will release its second quarter 2021 financial results after market closure on July 29, 2021. Subsequently, the quarterly earnings conference call is scheduled for July 30, 2021, at 10:00 a.m. ET. The company provides customized transportation and logistics solutions across North America and aims to cater to varying supply chain demands. A replay of the call will be available until August 6, 2021.

Universal Logistics Holdings, Inc. (NASDAQ:ULH) was honored as a GM Supplier of the Year in GM's 29^th annual Supplier of the Year awards, recognizing 122 top suppliers from 16 countries. This accolade emphasizes ULH's commitment to quality and innovation in transportation and logistics services. GM highlighted the resilience of its suppliers during a challenging year, furthering shared sustainability goals. ULH's President, Tim Phillips, expressed gratitude for this recognition, reinforcing their partnership with GM.

Universal Logistics Holdings, Inc. (NASDAQ: ULH) reported a strong financial performance for Q1 2021, achieving a net income of $21.7 million, or $0.80 per share, on total revenues of $415.2 million. This marks a significant increase from Q1 2020, where net income was $12.2 million. The company also reported a 30.3% rise in operating income to $31.2 million and an improved EBITDA of $51.2 million. Despite challenges, the outlook remains positive with a reaffirmed revenue guidance of $1.6-$1.7 billion for the year.

Universal Logistics Holdings, Inc. (NASDAQ: ULH) will release its first quarter 2021 financial results after market close on April 29, 2021. The company will host a quarterly earnings conference call on April 30, 2021, at 10:00 a.m. ET. Investors can access the call toll-free at (866) 622-0924. A replay will be available after the call until May 7, 2021, using conference ID 6170936. Universal Logistics provides customized transportation and logistics solutions across the U.S., Mexico, Canada, and Colombia.

Universal Logistics Holdings, Inc. (NASDAQ: ULH) reported significant growth in its fourth quarter 2020 results, achieving a net income of $16.2 million, or $0.60 per share, compared to $8.7 million in Q4 2019. Total operating revenues rose to $386.0 million, with an operating margin improvement to 6.1%. Notably, EBITDA increased to $44.2 million with a margin of 11.4%. The company also declared a $0.105 per share dividend, payable April 5, 2021. Despite challenges in truckload and intermodal services, dedicated services revenue grew by 16.6%, driven by robust automotive production.